Question: LO . 4 Assume in Problem 5 9 that the land had a fair market value of $ 6 3 0 , 0 0 0

LO.4 Assume in Problem 59 that the land had a fair market value of $630,000 on the date of its transfer to Pink Corporation. On the date of the liquidation, the lands fair market value has decreased to $500,000. How would your answers to Problem 59 change if:

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